Mortgage Rates Knocking on 5% Ceiling

Home / Blog / Mortgage Rates Knocking on 5% Ceiling

Posted To: Mortgage Rate Watch

Mortgage rates are in bad shape . At some point in the past 3 days (depends on the lender), top tier 30yr fixed rate offerings hit their highest level in 5 years, then 7 years. For the first time since 2011, the most prevalent top tier rate is 4.875% (meaning a handful of lenders are at 4.75% or 5.0%). If this trajectory holds, the average lender would be at 5% next week. In order to make the past few days relevant for anyone who reads this, let's focus on the CHANGE between today's average rates and those seen less than a week ago. From Friday the 14th, the average 30yr fixed quote is an eighth of a percentage point higher (.125%). While we've seen moves that big in the past, with only 1 or 2 exceptions, we haven't seen anything like it in 2018. And when we consider that it takes rates to...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

5cdb3442 7ce5 404e a299 f0afcf7c3854 1148c9c3 663c 4cb6 b5bb 6214701a8358 5a4c682d f011 4daf b96c e0fc7e0fd012 3418c05a ca71 456b 8634 adb3b73c5396 e915e16e a8f8 480e ba22 c9ea453a509a 6ae04926 8d1b 4231 95a8 7540f16e8b49 644d2171 e676 4158 ac76 2b8a91aff13c a6a4ed99 4724 408e a47d 8e48032e3280 f63b3276 4aa1 4f70 857a 7c54eeaec57e 303afc55 9149 4c54 a0fd 2b94a2885eab 65e0ef22 1412 4b8a b506 0247a6001b07 50c95dc0 f162 46db 85b6 4b9b76037b34 5147b095 3f83 4930 9528 7e1afbb0d9d7 eb42bca2 5f6e 498b 92a4 dcc23c87e571 0eefa822 dbea 4354 8c65 f98efc397605 f623f0d4 c66a 4bc3 92e5 241c2eec5dc9 ee9d3b85 af15 4d0a 84e5 8b0353b72011 bfa7200c 6277 463a aa99 46cafaca3c0f 3cec033a 34e7 462b a14a dadbcd449ca4 ecfcc0a8 54dc 4563 8355 5f012d0c80e2 8c5440ba 1c34 4b3a ba8f 9a05c4a7caf8 76667734 5af0 4be9 904d 98e1f62141e8 b49e398d 439d 4c98 bd54 bdd091b996c8